VEGOILS-Palm posts second weekly loss on lower rival oils

Malaysian palm oil futures fell for two consecutive weeks on Friday to the lowest in six weeks, tracking weakness in soyoils, although strong export data limited losses. The benchmark palm oil contract FCPOc3 for June delivery on the Bursa Malaysia Derivatives Exchange slid 0.31% to 3,921 ringgit ($874.64) a tonne. “We are tracking external movement, …

This article has been posted as is from Source

Leave A Reply

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.